#VietnamCryptoPolicy

Vietnam's crypto policy is evolving as the country recognizes the growing influence of digital assets in the global financial system. While cryptocurrencies like Bitcoin are not recognized as legal tender in Vietnam, the government has shown interest in developing a regulatory framework to manage their use. The State Bank of Vietnam prohibits crypto as a means of payment, but trading and investing in digital assets remain legal in practice. Recently, authorities have been working on pilot projects for a Central Bank Digital Currency (CBDC) and are focusing on preventing fraud, money laundering, and illegal fundraising schemes. As Vietnam moves toward clearer regulations, crypto users and investors are advised to stay updated and cautious while engaging in digital finance within the country.